Determination of Whether Net State Tax Revenues Exceeded Allowable State Tax Revenues FY2023 – Exhibit II

Net State Tax Revenues for the Fiscal Year Ended June 30, 2023

Type of State Tax Collected (by Agency)	Gross State Tax Revenues	Refunds and  Abatements	Net State Tax Revenues
Department of Revenue (DOR)
Alcoholic Beverages	$98,576,440	$308,207	$98,268,233
Financial Institutions	28,526,073	6,731,991	21,794,082
Cigarettes*	365,878,751	609,799	365,268,952
Corporations	4,935,510,853	386,499,416ꭥ	4,549,011,437
Deeds	235,058,258	63,743	234,994,515
Estate and Inheritance	1,027,057,068	53,347,353	973,709,715
Income*†	24,408,929,308	5,383,212,375ꭥ	19,025,716,933
Insurance	559,095,661	21,857,660	537,238,001
Motor Fuels and International Fuel Tax Agreement	704,116,053	2,207,329	701,908,724
Public Utilities	150,000	0	150,000
Room Occupancy‡	394,750,320	6,726,560	388,023,760
Sales and Use‡	9,630,308,814	182,171,812	9,448,137,002
Club Alcoholic Beverages	833,371	11,353	822,018
Motor Vehicle Excise	654,459	35,335	619,124
Convention Center Surcharges	13,810,973	0	13,810,974
Community Preservation Trust†	49,158,000	0	49,158,000
Controlled Substances and Marijuana Excise	161,467,626	0	161,467,626
Satellite	5,497,095	78,651	5,418,444
Statewide Car Rental	5,088,461	3,182	5,085,279
Electronic Nicotine Delivery System	14,122,425	251,732	13,870,692
Subtotal (DOR)	$42,638,590,009	$6,044,116,498	$36,594,473,511
Massachusetts Gaming Commission
Pari-Mutuel Taxes	$832,905	$0	$832,905
Gaming Revenue Tax	318,703,621	0	318,703,621
Sport Wagering£	37,517,005	0	37,517,005
Lottery Commission
Beano	428,988	0	428,988
Raffles and Bazaars	1,031,544	0	1,031,544
State Athletic Commission
Boxing Contests	74,376	0	74,376
Boxer’s Fund	17,859	0	17,859
Division of Insurance
Excess and Surplus Lines Insurance	76,271,757	0	76,271,757
Secretary of State (SOC)
Deeds Excise Stamp Tax Fees†	101,857,385	0	101,857,385
Department of Unemployment Assistance
Workforce Training Contribution	35,084,888	0	35,084,888
Subtotal (Other Agencies)	$571,820,328	$0	$571,820,328
Adjustments
Addition: Deed Excise Tax†	167,413	0	167,413
Less: Surtax Revenues§	(242,000,000)	0	(242,000,000)
Total (DOR and Other Agencies)	$42,968,577,750	$6,044,116,498	$36,924,461,252

* This includes income tax penalties assessed under Section 2 of Chapter 111M of the Massachusetts General Laws (totaling $30,445,972) and cigarette excise revenue assessed in accordance with Sections 12 and 70 of Chapter 302 of the Acts of 2008 (totaling $75,052,448) credited to the Commonwealth Care Trust Fund. Fiscal year 2023 tax revenues credited to the fund totaled $105,498,420.  

† This includes adjustments of $167,413 in underreported revenues, as follows: DOR deeds excise tax, totaling $79,458; DOR Community Preservation Fund surcharges, totaling $29,225; and SOC deeds excise tax revenue, totaling $58,730.  

‡ This includes sales, meals, and room occupancy taxes, as well as service fees for the City of Worcester Digital Federal Credit Union Arena and Convention Center Capital Improvement Fund. 

ꭥ This includes the amount refunded to taxpayers: $2,785,633,715 in income taxes and $87,674 in corporation taxes, totaling $2,785,721,389. 

£ Excise on sports wagering operators in Massachusetts was established by Section 14 of Chapter 23N of the General Laws, effective August 10, 2022, for sports wagering after January 2023. 

§ Pursuant to Section 17 of Chapter 28 of the Acts of 2023, the 4% income surtax revenues are not subject to the allowable state tax revenue limitations established by Chapter 62F. DOR estimated the 4% income surtax revenues to be excluded from fiscal year 2023 net state tax revenues to be $242 million. 

Date published:	September 19, 2023